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Major Bullish news? The White House 'AI Czar': The USA does not need to restrict chip exports to allies!
① David Sachs, the "Tsar" of AI and Cryptos at the White House, stated on Tuesday that the USA does not need to stop the Global spread of its AI Chips and technology to manage National Security risks; ② A few days ago, the Trump administration announced plans to lift the restrictions on advanced AI Chip exports imposed during the Biden era, namely the "Framework for Export Controls on AI Diffusion."
The bullish outlook from the China-US trade has ignited the enthusiasm of buyers, causing the Market Cap of the "Seven Giants" in the US stock market to soar by 6 trillion overnight!
① On Monday, following the agreement between China and the United States to mutually lower tariffs, the US stock market surged significantly; ② the Market Cap of the Magnificent 7 skyrocketed by 837.5 billion USD (approximately 6 trillion RMB), marking the largest increase since April 9. ③ Analyst Ives from Wedbush predicts that the US stock market and Technology stocks will reach new highs in 2025.
U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.
① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.
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Why Are NVIDIA And Other Chip Stocks Trading Higher On Monday?
Shares of Chip Stocks Are Higher After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. A Reduction in Tariffs Could Alleviate Some Supply Chain Concerns and Improve Macro Sentiment as Well as Demand Visibility.
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